The unemployment rate rose in 21 states and Washington D.C. in November, up from the 14 states that showed increases the month before, according to government data released Friday.
Foreclosures fell dramatically in November, but it was mostly due to bank foreclosure freezes and the holiday slowdown, a report released Thursday said.
“More affluent Americans are opting to rent as oppose to buy. Within the last year, so many people have seen their family and friends get burned in real estate. They don’t see it as being a risk free investment as they used to," says analyst Jack McCabe.
States with some of the highest unemployment in the country showed some improvement in October, though the decline partly reflected an increase in people who gave up looking for work.